AdvisorOne CLS Global Diversified Equity Fund Class N 

This fund primarily invests in various collective investment vehicles, such as exchange-traded funds (ETFs), open-ended mutual funds, and closed-end funds. The capital allocated to these underlying funds is predominantly invested in common equities or equity-linked instruments, including convertible preferred stock, convertible debentures, and warrants. This can encompass shares of foreign companies. Under typical market conditions, at least 80% of the fund's total assets—defined as its net assets combined with any borrowed capital utilized for investment purposes—are dedicated to equity securities.